3M CO (MMM)

Anurag Maheshwari Cash Bonus – 3M Company 2016 Long-Term Incentive Plan (2016 LTIP)

Anurag Maheshwari RSU

Anurag Maheshwari PSU

Monish Patolawala — Resignation/Departure | Announced intention to resign.; Will remain in current role through July 31, 2024 to ensure a smooth transition.; Company has initiated a CFO succession process.

Anurag Maheshwari — Offer Letter | Annual base salary of $1,050,000, prorated for 2024.; Target annual incentive compensation opportunity of $1,155,000, prorated for 2024.; Hiring bonus of $3,150,000, repayable if resignation or "Misconduct" occurs before the third anniversary of employment.; Make-Whole RSU Award: $4,500,000 divided by the closing stock price on grant date, vesting in three equal annual installments.; Pro Rata 2024 RSU Grant: $666,667 divided by the closing stock price on grant date, vesting on the third anniversary of the grant date.; Pro Rata 2024 PSA: Target value of $666,667 divided by the closing stock price on grant date, vesting on December 31, 2026.; Eligible for long-term incentive, retirement, and other benefit plans. Relocation benefits provided, subject to a repayment agreement for voluntary resignation/retirement within two years.; Will enter into a Protective Covenant Agreement including non-compete and non-solicitation clauses.

William M. Brown — Offer Letter | Annual base salary of $1,800,000, prorated for 2024.; Target annual incentive compensation opportunity of $3,150,000, prorated for 2024.; Hiring bonus of $3,000,000.; Special one-time inducement restricted stock unit grant valued at $2,500,000, vesting over three years.; Special one-time inducement 2024 performance share award with a target value of $2,500,000, vesting December 31, 2026.; Pro rata 2024 performance share award with a target value of $4,333,333, vesting December 31, 2026.; Pro rata 2024 stock option award with a target value of $4,333,333, vesting over three years.; Eligible to participate in the Company's Executive Severance Plan.